13-1a3a2d4 The purchasing power of money in terms of all other commodities is continually changing, and there is no way to measure such changes

First of all, such objective “power” doesn’t exist because value is subjective—e.g., A’s psychic income can be equal to, or greater than, B’, despite the lower monetary expenditures (although such comparison itself is meaningless, given the subjectivity of value). Second, market conditions are always changing—e.g., CPI consists of arbitrary selection of goods and is hence meaningless.

It doesn’t mean you don’t have to care about it—purchasing power is what matters the most. As Li Lu repeatedly emphasizes, the share matters more than the return per se. Put differently, you should derive target price from target share (e.g., Frank Braun’s derivation of ZEC price).

Next:

• 13-1a3a2d5 Money is one of the best explanatory tools available, but not perfect

Related:

1. Objective power doesn’t exist
   • 1-1a2e11 Nothing objectively represents the represented
   • 13-4d2 There is no objective value
   • 13-4d4 Value is subjective
2. Market conditions are always changing
   • 12-1e0 Everything changes
   • 13-1a3a2d3b Value scales and money are reflexive—value scales become more actionable with money, because money changes the topology of value scales
   • 13-1a3a3 The equilibrium price implies no further changes (the so-called subjective improvements)
   • 13-1a3a5 The concept of an equilibrium price presupposes a world without further subjective re-evaluations or change
   • 13-8a2a Money allows you to deal with change per se, since there is no substantive difference between changes in values scales of others and that of himself in the future

• That doesn’t mean you can stop caring about purchasing power
  • 1-2.0 It is better to be roughly right than precisely wrong
  • 1-2g2j1a Because we can only be with the virtual-reality, all our renderings will be inaccurate
• Money is one of the best tools available to account for success and failure, but not perfect
  • 3-1a4b7 The monetary account will increasingly explain the world—especially as it pertains to the human actions—though never exhaustively
  • 13-1a3a1c A new form of evolutionary processes emerges with money—memes become accountable with money, although not exhaustively
  • 13-1a3a1d Money facilitates the maximum use of knowledge available, and accommodates error-corrections (the two are the same thing)
  • 13-8a2a Money allows you to deal with change per se, since there is no substantive difference between changes in values scales of others and that of himself in the future
• Visualize share rather than returnTODOHACK
  • 5-2a0 Know what to measure
  • 5-2a1 You get what you measure
  • 5-2a2 What gets measured gets managed